REO & SHORT SALE ANALYSIS FOR PRIOR SIX MONTHS
Report ID: 13039 Effective Date of Data: 5/9/2015 Total Active, Pending and Closed Sales in Sample:  624
Total Closed Sales: 381 Total Pending Sales: 151 Total REO/Foreclosure Resales: 50
Total Active Listings: 94 Total "Short Sale" Listings: 13 Total REO/Foreclosure Listings: 6
 

Suggested Text for 1004MC section (modify when necessary):

"Are foreclosure sales (REO sales) a factor in the market?"

Search for improvements similar to the Subject that have closed escrow within the prior six months or are currently under contract of sale revealed 379 closed sales and 151 pending sales. Of these, 50 were found to be REO/foreclosure resales which equates to approximately 9.43% ± of all sales. Short sales are also noted in this market and account for 6.6% of total sales. Analysis reveals 94 active listings within the research area. 6 were found to be REO/foreclosure listings. This equates to approximately 6.38% ± of all listings. It is further noted that 13 active listings are offered as "Short-Sales". When REO listings are combined with the number of listings offered "Short Sales", the resulting ratio indicates that approximately 20.21% ± are distressed offerings.